When do KidStart Savings get transferred into savings account?
We automatically deposit money into the savings account that you have chosen. KidStart checks the balance of each child’s Kiddybank at the end of the month, and if the balance exceeds the minimum deposit level, the balance is transferred. KidStart’s minimum deposit level is normally £10, but some Child Trust Funds have higher minimum deposits. Back to top…
We automatically deposit money into the savings account that you have chosen. KidStart checks the balance of each child’s Kiddybank at the end of the month, and if the balance exceeds the minimum deposit level, the balance is transferred at the start of the following month. This may take a few days to show in your account, as we wait for confirmation from the bank that there were no problems with your bank account details. KidStart’s minimum deposit level is normally £10, but some Child Trust Funds have higher minimum deposits. We’ll email you to confirm that we’ve updated your Kiddybank to reflect the transfer out – or in the rare instances when payments are returned, we’ll email you asking you to check your linked account details. Back to top…
